Argentina's Milei unveils bill to shield central bank from political pressure

BUENOS AIRES, July 30 - Argentina's President Javier Milei on Thursday announced plans to reform the central bank's charter, a move aimed at strengthening the institution's independence and restricting its ability to finance government spending, which his administration blames for decades of high inflation.

Argentina Policy Key Facts —Announcement. President Milei will detail the BCRA charter reform in a national broadcast on 30 July 2026. —Single Mandate. The bill proposes restoring the Central Bank’s sole mission to preserving the currency’s value. —Financing Ban. It explicitly prohibits BCRA financing of the national g